Overview
- Investigators were told on Oct. 23 to stop reviewing complaints about a senior official close to FHFA Director Bill Pulte, and the ethics team led by Suzanne Libby was fired soon after, according to people familiar with the matter.
- Pulte publicly framed the dismissals as ending DEI efforts, posting “DEI HAS PASSED AWAY AT FANNIE MAE,” while sources say the ousted group handled legal and compliance probes unrelated to DEI.
- Other senior leaders, including general counsel Danielle McCoy and single‑family head Malloy Evans, were removed, and at least 200 additional employees were let go on Monday, according to sources.
- New reporting says Fannie’s ethics office had received complaints about improper access to mortgage records of Trump critics, with a referral described to the FHFA inspector general and then to the U.S. attorney in eastern Virginia.
- FHFA has declined to discuss personnel moves and has dismissed anonymous accounts as fake news, with a spokesperson to one outlet calling the claims fabricated, while industry figures warn the upheaval could erode confidence and complicate plans to take Fannie and Freddie public.